Question: Chapter 7 question 4 Consider the following three bond quotes: a Treasury note quoted at 98:21, a corporate bond quoted at 103.60, and a municipal

Chapter 7 question 4

Consider the following three bond quotes: a Treasury note quoted at 98:21, a corporate bond quoted at 103.60, and a municipal bond quoted at 102.25. If the Treasury and corporate bonds have a par value of $1,000 and the municipal bond has a par value of $5,000, what is the price of these three bonds in dollars? (Do not round intermediate calculations and round your final answers to 2 decimal places.)


Treasury note	$
Corporate bond	$
Municipal bond	$

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